DIAMX vs. VOO
Compare and contrast key facts about Diamond Hill Long-Short Fund (DIAMX) and Vanguard S&P 500 ETF (VOO).
DIAMX is managed by Diamond Hill. It was launched on Jun 29, 2000. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
DIAMX vs. VOO - Performance Comparison
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DIAMX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIAMX Diamond Hill Long-Short Fund | -6.15% | 18.76% | 9.93% | 12.14% | -8.75% | 19.04% | -0.56% | 22.80% | -7.32% | 5.65% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, DIAMX achieves a -6.15% return, which is significantly lower than VOO's -4.42% return. Over the past 10 years, DIAMX has underperformed VOO with an annualized return of 6.91%, while VOO has yielded a comparatively higher 14.05% annualized return.
DIAMX
- 1D
- 0.24%
- 1M
- -5.62%
- YTD
- -6.15%
- 6M
- -1.36%
- 1Y
- 8.51%
- 3Y*
- 10.97%
- 5Y*
- 6.54%
- 10Y*
- 6.91%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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DIAMX vs. VOO - Expense Ratio Comparison
DIAMX has a 1.36% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
DIAMX vs. VOO — Risk / Return Rank
DIAMX
VOO
DIAMX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Long-Short Fund (DIAMX) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DIAMX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.98 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.50 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.53 | -0.43 |
Martin ratioReturn relative to average drawdown | 4.12 | 7.29 | -3.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DIAMX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.98 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.70 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.78 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.83 | -0.36 |
Correlation
The correlation between DIAMX and VOO is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DIAMX vs. VOO - Dividend Comparison
DIAMX's dividend yield for the trailing twelve months is around 1.48%, more than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIAMX Diamond Hill Long-Short Fund | 1.48% | 1.39% | 9.52% | 4.03% | 5.07% | 10.81% | 0.97% | 6.32% | 4.94% | 2.15% | 3.42% | 0.48% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
DIAMX vs. VOO - Drawdown Comparison
The maximum DIAMX drawdown since its inception was -40.92%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DIAMX and VOO.
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Drawdown Indicators
| DIAMX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.92% | -33.99% | -6.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -11.98% | +4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -16.96% | -24.52% | +7.56% |
Max Drawdown (10Y)Largest decline over 10 years | -31.57% | -33.99% | +2.42% |
Current DrawdownCurrent decline from peak | -6.79% | -6.29% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -3.72% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.52% | -0.63% |
Volatility
DIAMX vs. VOO - Volatility Comparison
The current volatility for Diamond Hill Long-Short Fund (DIAMX) is 2.22%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that DIAMX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIAMX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 5.29% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.86% | 9.44% | -4.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.20% | 18.10% | -7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.54% | 16.82% | -6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.94% | 17.99% | -5.05% |